Discussions Β» βοΈ Iconic European brand takes a down-round, but lives to fight another day. (π Visit source)
Sifted shares how Second Home have sold a majority stake to LA-based investor Riaz Valani for Β£7.8M (β$8.6M), signalling a huge drop from the pioneering network's previous Β£130M (β$142M) valuation.
The move wipes out the firms prolific angel investors' stakes, but does allow the brand to keep lights on and serving members for the near future.
π Back to Week 43, 2022 Newsletter Β· π Direct Link Β· π€ Market Moves Β· β± Shared 837 days ago.